Why? There already is a standard for open banking in the EU with PSD2.

proctrap · on March 23, 2022

Except it's not a standard. It's "everyone has a different API that is broken in another way". But you can threaten legal action if they don't fix it or help you, which gets stuff done.

explaingarlic · on March 23, 2022

I have genuinely no clue what that is. I don't think it's the same thing as Open Banking, though. The FCA did just fine NatWest a quarter of a billion for their blatant money laundering.

dbbk · on March 23, 2022

Open Banking is PSD2. They are the same thing.

objclxt · on March 23, 2022

No, it’s not. PSD2 does not define any APIs. Open Banking implements the requirements of PSD2, but they’re not the same thing.